油粕日报：关注月底报告-20260325

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The short - term trend of soybean meal is expected to continue a slight adjustment, and attention should be paid to the release of the estimated planting area of US soybeans at the end of the month. The increase in the estimated planting area of US soybeans and the recovery of Brazilian soybean shipments put pressure on US soybeans, and the easing of the Middle - East situation also exerts downward pressure on the entire commodity market [1][2]. - The decline of the oil sector is relatively restrained. Future attention should be focused on the US biofuel blending obligation volume and the development of the Middle - East situation. The social media message of Trump led to the decline of the crude oil and oil sectors, but the Iran issue is still ongoing and the US biofuel policy is about to be announced [2][3]. 3. Summary by Related Content Soybean Meal - The expected planting area of US soybeans in 2026 is 86.1 million acres, higher than 81.2 million acres in 2025 and the 85 million acres predicted by the USDA in February. The expected planting area of US corn in 2026 is 94.4 million acres, lower than 98.8 million acres in 2025 but slightly higher than the 94 million acres predicted by the USDA in February [1]. - China has agreed to abandon the zero - tolerance policy for weeds in soybean shipments at ports, but the specific implementation depends on further bilateral negotiations. From March 1 - 20, 2026, the soybean export volume in Brazil was 9.5 million tons, with a daily average export volume of 633,435 tons, a year - on - year decrease of 17.9%. The average export price of soybeans so far in March is $408.0 per ton, a year - on - year increase of 5.4% [1]. Oil - The US EPA is in the final stage of issuing the Renewable Fuel Standard (RFS) biofuel mandatory blending rules and will complete the decision by the end of the month. The US President will announce new biofuel blending quotas on Friday. The proposed mandatory blending volume of renewable fuels in 2026 is about 24.002 billion gallons and 24.46 billion gallons in 2027, higher than 22.33 billion gallons in 2025 [2]. - From March 1 - 25, 2026, the export volume of Malaysian palm oil was 1,389,549 tons, a 51% increase compared to the same period last month [2].